Financing Your Business

The ABIA is committed to the development of small enterprise in Antigua and Barbuda. Our Loan Guarantee Scheme seeks to make the finiancing of small enterprise a reality.

Under the Small Business Development Act 2007, the government of Antigua and Barbuda will provide eligible business persons with access to easy financing through the Credit Guarantee Scheme, also referred to as the Loan Guarantee Scheme. Under section eight (8) of the Act it states:

Sec 8 Loan Guarantee Scheme

  1. An approved small business may apply for a loan guarantee cover under the Credit Guarantee Scheme through
    1. a commercial bank operating in Antigua and Barbuda by virtue of a licence issued under the Banking Act, 2005, No 14 of 2005;
    2. a financial institution other than a bank to which access to the Credit Guarantee Scheme has been granted by the Development Bank; or
    3. another institution or organization approved by the Development Bank as being eligible to access the Credit Guarantee Scheme.
  2. Where a small business is incapable of providing full security for a loan the development Bank may, under the Credit Guarantee Scheme, guarantee the insufficiency of the security, but not in excess of $100,000.00.